BoG spends GH¢153 million on printing cedi notes in 2018

The Bank of Ghana last year spent more than GH¢153 million to print the country’s legal tender, the cedi.

The amount spent includes the actual cost of printing the legal tender, fees paid to the agency that supervised the printing process as well as what the central bank describes as other currency expenses.

According to the central bank’s 2018 annual report, the total cost of printing was around GH¢146.7 million while an amount of GH¢2 million was paid as agency fees with more than GH¢4 million spent on other expenses.